Gibson Energy closes $400M acquisition of Chauvin assets, expanding Hardisty oil infrastructure.

Gibson Energy has completed its $400 million acquisition of Teine Energy's Chauvin Infrastructure Assets, including a crude oil pipeline system connecting Chauvin to the Hardisty oil hub. This strategic purchase extends Gibson's footprint at Hardisty and secures stable, contracted cash flows through long-term agreements. The company also sanctioned the Hardisty Connection project to link the new assets to its core terminal and plans to expand pipeline capacity from 30,000 to 45,000 barrels per day by the end of 2026. This acquisition strengthens Gibson's position in North American liquids infrastructure and supports its growth and value creation goals.